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20120925
20121003
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of a poorly functioning financial sector. worryingly, the energy to implement the reforms that have been agreed as well as other reforms that we need are fading in little bit. and i am often asked and i am sure the some of the central bankers and providers are asked the same question. are we now better off than five years ago? probably so. are we out of the loop? do we have everything we need in terms of assistance, in terms of detecting the systems? most people, supervisors in particular, and certainly the imf would say not yet despite major progress. i know all of these seem a little bit bleak. but let me assure you that we have not overlooked the reaction to recent policy announcements. and those are strong and good positive reactions. but we have seen positive market response of before that turned out to be short-lived. this time, what we need is not bounce.balance we need a sustained rebound. to be different, we need certainty more than uncertainty and we need decision makers to turn into action takers. it will require courage and the ability to rise above the short- term agenda of
our oil imports in half by 2020, produce more american make energy from oil, natural gas, clean coal, biofuel. ladies and gentlemen, a lot of people do not understand this. i love to hear them talk about their energy policy, which is thrilled they be drilled. -- drill, baby, drill. there are more oil and gas rigs pumping today that all of the rest of the rigs in the entire rest of the world. that is why we are importing less than we have in decades. that is why we are in the position we are moving in. there is and exponentially -- exponential supply of natural gas if done right and real energy available in this country. the voted against it. we doubled the fuel economy standards for cars and trucks by 2025. [cheers and applause] by the way, that will save 12 billion barrels of oil over the period of time. i do not know how they do not think conservation is part of it. they do not know. third, we are going to maintain -- right now, there is a study pointing to the most productive workers in the world. they are american workers. there are -- they are three times as productive as our fr
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